EURUSD Intraday Forecast Mar 04 2014

EURO-Dollar-min

Recommendations: LONG positions above 1.3693 with 1.3750 & 1.3770 as next targets.

Alternative scenario:The downside breakout of 1.3693 will call for a slide to 1.3660/1.3625.

Description: Intraday outlook in EURUSD is on the upside towards 1.3750 ahead of 1.3770 levels as long as support 1.3693 holds on hourly basis , break of 1.3770 will open 1.3800/1.3825  next ,further out will aim the 1.3890 levels .On the downside sustained trading below the 1.3693 levels would open the 1.3660 levels ahead of the 1.3625 levels.

Support & Resistance : 1.3600 , 1.3625,1.3660, 1.3693 (Pivot)  , 1.3750 , 1.3770 , 1.3800

 

EURUSD Intraday Forecast Mar 04 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

  1. On the 4 hour chart , the EURUSD has printed support at the 1.3720 levels , sudden rise towards the 1.3825 levels is likely in the upcoming 48 hours , break of 1.3825 will have large bullish implication towards the 1.4000 levels. to reverse risks to the downside , sustained trading below the 1.3720 levels is needed on a 4 hour basis , If seen , a free fall to the 1.3585 levels will be in sight.

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